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Oaktree Capital Management, parent company of Radial Entertainment, announce that Jeff Shultz, former Chief Strategy Officer and Chief Business Development Officer of Paramount Streaming, has been named Chief Executive Officer of Radial Entertainment. Garson Foos, CEO of Radial Entertainment and Co-founder of Shout! Studios will join Danny Fisher on the Radial Entertainment Board as Executive Chairman.

Jared Frandle, Managing Director for Oaktree’s Special Situations strategy, states, “We are extremely grateful for all of Garson’s efforts in guiding us through the seamless transition of this exciting merger. His leadership from the very beginning of our partnership with Shout and through this pivotal period laid a strong foundation for Radial's future growth. We are now thrilled to welcome Jeff—a highly seasoned veteran of the streaming industry and a uniquely qualified media executive—to lead Radial into this next chapter.”

Jeff shared his thoughts on his new appointment: “I’m fortunate to inherit an exceptional team and the legacy of two highly successful brands. I am fully aligned with Garson, Danny, and the Oaktree team on a shared vision to build Radial into one of the most valuable independent players in the global streaming market. At Pluto TV and Paramount, I had a front-row seat to the rapid growth of Shout! and FilmRise. Now combined as Radial, the company is uniquely positioned to capture the massive opportunity in the rapidly evolving media market, leveraging its financial scale, vast and compelling catalog, and expansive and diversified distribution, all amplified by Oaktree’s support. I am honored to lead Radial into this next chapter of growth.”

Garson Foos and Danny Fisher, Executive Chairmen of Radial Entertainment, continue, “After a thorough search—and with the successful unification of the Shout! Studios and FilmRise brands under one umbrella—the timing was right to bring in our successor. Jeff brings extraordinary expertise as an industry leader. He has great expertise in the free-streaming market and a proven builder of high-growth businesses, having led Pluto TV and Paramount Streaming through periods of remarkable expansion.”

Shultz is a recognized pioneer in the free-streaming space. As Chief Business Officer of Pluto TV, he guided the company from a nascent startup to a profitable, billion-dollar global FAST market leader.